Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Hospitality Tax topic
No spam. Unsubscribe anytime.
Hospitality tax fell after local restaurant closure; Horton and new restaurants could restore growth
Summary
Staff traced hospitality tax declines to the closure of a major local restaurant and said new restaurants plus Horton events could increase hospitality receipts, but staff will budget conservatively for FY26 and amend later if receipts exceed projections.
Brunson traced the hospitality tax dip to local restaurant changes and recommended conservative FY26 budgeting. He said Yusuf’s closure reduced hospitality receipts while Sphinx later helped offset some of the loss; staff expects Horton events and new restaurants could increase future receipts but will not rely on that during initial budget adoption.
“Losing that restaurant was a was a hit to this as a funding source,” Brunson said. He told council staff will monitor receipts and can return with a budget amendment in January 2027 if revenues materialize above current conservative estimates.
